Monday, 20 August, 2018

Twitter shares surge 15% on first quarterly profit

CA Natural Resources Secretary Issues Statement Opposing Federal Proposal to Renew Offshore Oil and Gas Development The Latest: Demonstrators blast offshore oil drilling plan
Derrick Tucker | 09 February, 2018, 04:57

Shares of Twitter, Inc.

Shares closed 12.1 percent higher at $30.18 after hitting a high of $35.00. Apple made changes to how app integrations were handled in Safari.

In the first quarter of 2018 Twitter projects adjusted EBTIDA to be between $185 million and $205 million. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company's stock worth $550,249,000 after purchasing an additional 5,561,940 shares in the last quarter. The Motley Fool owns shares of and recommends FB and Twitter. Facebook boasts a whopping 2.2 billion active monthly users while Instagram has approximately 800 million monthly users. Toronto Dominion Bank grew its stake in shares of Twitter by 21.3% during the 2nd quarter.

Investors shrugged off zero growth in Twitter's users from a quarter earlier, which the company blamed in part on seasonal weakness and its purge of fake and spam accounts.

Several research firms recently commented on TWTR.

Traders sold shares of Twitter Inc (NYSE:TWTR) on strength during trading on Wednesday.

Among other issues impacting Twitter's popularity. Video is Twitter's largest ad format, with live events and in-stream video ads two significant sources of growth, per the company. The stock has an average rating of "Hold" and an average price target of $20.03. Eleven research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have given a buy rating to the company's stock.

Activision confirms a "major content" release for Destiny 2 later this year
Its up 0.18, from 0.8 in 2017Q2. 178.26 million shares or 5.78% less from 189.20 million shares in 2017Q2 were reported. Thrivent Financial For Lutherans lifted its holdings in shares of Activision Blizzard by 3.1% in the second quarter.

President Jacob Zuma 'agrees to go'
In fixed income, the yield for the benchmark government bond due in 2026 was up 3.5 basis points to 8.435 percent. Zuma's presidency has been overshadowed by allegations of corruption.

In Trump's first year, America's trade deficit actually got worse
Strong consumer demand drives imports higher, effectively exporting US prosperity to China and other exporters. The commodity trade with China increased by 8.1% previous year to a record 375.2 billion Dollars .

On 1/10/2018 Evan Clark Williams, Director, sold 18,347 with an average share price of $24.17 per share and the total transaction amounting to $443,446.99.

Still, getting to profitability at least shows that Twitter can operate sustainably and survive as an independent company if it maintains it cost discipline, even if the business isn't growing and the stock may not be a long-term outperformer.

In other news, General Counsel Vijaya Gadde sold 135,000 shares of the firm's stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.92, for a total transaction of $2,689,200.00. The disclosure for this sale can be found here. SELL rating has been given by 0 analyst (s) and 1 analyst (s) given BUY rating to the stock. At the time, the move was a natural one, created to bring brands better targeting, efficiency and measurement, as well as offering up an alternative to the Google and Facebook duopoly which accounted for in excess of 60% of the U.S. digital ad market past year.

Facebook similarly reported a sequential drop in daily active users (DAUs) last quarter, which the dominant social network attributed to North America being a mature and saturated market.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, February 8th.

The company reported its last earnings Actual EPS of $0.1/share. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. Fourth-quarter adjusted profit and revenue both topped analysts' targets. During the same quarter previous year, the company earned $0.11 earnings per share.

US revenue fell 8% from a year earlier, but sales elsewhere rose 17%.

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